After rice, tomatoes, global onion prices may increase because of India

According to the Indian Finance Ministry, the new export tax rate was announced on August 19 to ensure domestic supply and ease inflationary pressures. The new tax takes effect immediately until December 31. The retail price of onions in India has increased by about 20% year-on-year, averaging around 30.72 Indian rupees (37 UScents) per kilogram as of August 19, data from the Indian Ministry of Agriculture shows. good. Pushan Sharma, research director at CRISIL, a subsidiary of S&P Global, said: “Heavy rainfall in the main producing regions, including Maharashtra and Karnataka, in July resulted in damage to the crop. harvesting onions”. Mr. Samarendu Mohanty - Asia regional director of the agricultural company International Potato Center, said that Bangladesh, Malaysia, Sri Lanka and some regions in the Middle East depend on the supply of Indian onions, so, The new tariffs will increase onion prices in these countries. Data provided by CRISIL shows that India is the world's ...